After rolling out its first standalone Cloudsteppers stores internationally last month, the first U.S. location of Clarks’ latest concept shop has landed in Texas. Located inside the La Palmera Mall in Corpus Christi, Texas, the 1,255-square-foot store follows other openings of Clarks’ newest retail concept in the cities of Shah Alam and Kuala Lumpur in Malaysia in November. More from WWD For Peter Quirke, Clarks vice president of retail in the Americas who just returned to the States after visiting the ...

Core Insights - Michael Burry, known for his contrarian investment strategies, has recently closed his hedge fund, Scion Asset Management, allowing him to share investment advice freely [2] - Burry identifies opportunities in the current market, particularly in companies that have been oversold due to year-end practices like window dressing and tax-loss harvesting [3] - Lululemon Athletica (LULU) is highlighted as a potential investment despite its stock being down over 50% this year, with Burry suggesting it is at least a hold for the next three to five years [3] Company Overview - Lululemon Athletica is a Vancouver-based company specializing in athletic apparel primarily for women and girls, offering a range of products including fitness pants, shorts, tops, and jackets [4] - The company has a current market capitalization of $21.6 billion [4] Stock Performance - Lululemon's stock has decreased by 52% year-to-date, underperforming the S&P 500 Index, which is up 17%, and the consumer discretionary sector, which is up 5% [5] - The stock is trading at a trailing price-earnings ratio of 12.4x, significantly lower than its five-year mean of 46.8x, indicating that it is exceptionally cheap at present [6]

Market Trend - The surge in interest in water bottles is linked to the "self-care" trend [1] - Oversized tumblers are more about fashion than wellness [1]